Search found 34 matches

by duffyinvestor
Sat Feb 27, 2021 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Issue eFiling Taxes after spouse passed away
Replies: 6
Views: 679

Re: Issue eFiling Taxes after spouse passed away

Thanks everyone. I’ll try to check a few things and then eFile again and see if I get the same error. Yes it’s still MFJ with me as the surviving spouse. I was first so I assume primary on last year’s return. I really don’t want to paper file. I’m getting a large refund because I will receive stimul...
by duffyinvestor
Sat Feb 27, 2021 9:30 pm
Forum: Personal Consumer Issues
Topic: Stressless brand office chair - discounts
Replies: 3
Views: 378

Re: Stressless brand office chair - discounts

If you’re in a major metro area you probably have a refurbished office furniture place near you. I bought a refurbished chair that way. Was nice to try out a few different chairs, what’s “best” for someone else may not be what’s “best” for you. For example I was more than willing to spring for a Her...
by duffyinvestor
Fri Feb 26, 2021 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Issue eFiling Taxes after spouse passed away
Replies: 6
Views: 679

Issue eFiling Taxes after spouse passed away

So this is the first year I am filing taxes after my spouse passed away. I tried to eFile but get the following error message: The Primary SSN in the Return Header has been locked because Social Security Administration records indicate the number belongs to a deceased individual. I checked the forms...
by duffyinvestor
Thu Feb 25, 2021 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Is this a pipe dream? - Retiring at 50
Replies: 28
Views: 3475

Re: Is this a pipe dream? - Retiring at 50

Nice pension but there's a lot of expenses you've left out.
Personal care, travel, entertainment, healthcare copays, gifts, clothing, haircuts, etc. Those expenses look awfully "round" and optimistic to me. Is that a car payment and gas? Car maintenance, registration fees.
by duffyinvestor
Sat Feb 20, 2021 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Individual Taxable in Community Property State
Replies: 5
Views: 334

Re: Individual Taxable in Community Property State

Depends who the beneficiary is listed on the account.

And in my experience accounts are not retitled to another name. Beneficiary opens a new account and rolls assets over (for every account I dealt with even joint to single).
by duffyinvestor
Mon Feb 15, 2021 11:57 am
Forum: Personal Investments
Topic: Proper Asset Allocation and Tax Questions from 40 something widow
Replies: 8
Views: 782

Re: Proper Asset Allocation and Tax Questions from 40 something widow

Taxable 32% Cash (Various CDs expiring within the next few months) 1% Vanguard Dividend Growth Fund (VDIGX)(0.27%) 3% Vanguard Total International Stock Index Fund Admiral Shares (VTIAX)(0.11%) 6% Vanguard Wellesley Income Fund Investor Shares (VWINX)(0.23%) 4% Vanguard Intermediate-Term Tax-Exempt...
by duffyinvestor
Mon Feb 15, 2021 11:53 am
Forum: Personal Investments
Topic: Proper Asset Allocation and Tax Questions from 40 something widow
Replies: 8
Views: 782

Re: Proper Asset Allocation and Tax Questions from 40 something widow

2) Is a 50% stocks, 50% bonds portfolio appropriate for my situation? 43 year old widow (1 year out). I am sorry for your recent loss. 50/50 seems reasonable. 43 year old widow (1 year out). I can meet expenses without touching assets currently, especially when I factor in social security benefits ...
by duffyinvestor
Mon Feb 15, 2021 11:44 am
Forum: Personal Investments
Topic: Proper Asset Allocation and Tax Questions from 40 something widow
Replies: 8
Views: 782

Re: Proper Asset Allocation and Tax Questions from 40 something widow

Just one comment about SS survivor benefits for your child. Make sure you keep good records what you do with the survivor benefits. I kept a spreadsheet with a the information of what I did with each monthly deposit. My kids survivor benefits started about 25 years ago & ended about 12 years ag...
by duffyinvestor
Fri Feb 12, 2021 9:55 am
Forum: Personal Investments
Topic: Proper Asset Allocation and Tax Questions from 40 something widow
Replies: 8
Views: 782

Re: Proper Asset Allocation and Tax Questions from 40 something widow

Bumping this for better visibility. I'll let others more knowledgeable than me give you a good holistic view of your portfolio, but a few things that stand out: 1) You have some funds in your taxable account that aren't very tax efficient: the Vanguard Dividend Growth and Wellesley Funds. Problem i...
by duffyinvestor
Thu Feb 11, 2021 5:32 pm
Forum: Personal Investments
Topic: Proper Asset Allocation and Tax Questions from 40 something widow
Replies: 8
Views: 782

Proper Asset Allocation and Tax Questions from 40 something widow

1) Are there any moves that would be better to make for taxes given that my portfolio is pretty evenly split between retirement and taxable? I understand my least tax efficient investments should be in retirement accounts and my most tax efficient investments should be in taxable accounts. I'm havin...
by duffyinvestor
Wed Jan 20, 2021 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: Timing of Social Security survivor benefits (child under 16)
Replies: 2
Views: 307

Re: Timing of Social Security survivor benefits (child under 16)

Yes, I’m 43 so well under 60.

I understand the income limit but if your income reduces greatly (for whatever reason) when would I be able to apply? It sounds like maybe I’d have to wait for the entire year. I can’t tell if that sounds right or not based on the wording.
by duffyinvestor
Wed Jan 20, 2021 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Timing of Social Security survivor benefits (child under 16)
Replies: 2
Views: 307

Timing of Social Security survivor benefits (child under 16)

So I’m a widow with a 10 year old. I currently receive survivors benefits for my child but I’m still working (low 6 figures). I understand that I could receive survivors benefits for myself as well until she is 16 if I made below a certain income. But how does the timing of that work? If I were no l...
by duffyinvestor
Wed Dec 30, 2020 4:07 pm
Forum: Personal Investments
Topic: Mom's Finances
Replies: 22
Views: 2461

Re: Mom's Finances

Questions.

How old is she?
I assume no longer working right?
Interest rate on mortgage, consider paying it off depending on interest rate, etc?
by duffyinvestor
Wed Dec 30, 2020 4:00 pm
Forum: Personal Investments
Topic: Advice for extra income?
Replies: 4
Views: 595

Re: Advice for extra income?

Max out a Roth then save the rest of it for a down payment.
You will have to answe yourself your time horizon for the future money.
by duffyinvestor
Wed Dec 30, 2020 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Proof of funds to offer a house in Cash
Replies: 49
Views: 3433

Re: Proof of funds to offer a house in Cash

You don’t have liquid non retirement assets to make a cash offer for that amount.
Make your offer with financing, feel free to show assets to make yourself attractive.
by duffyinvestor
Wed Dec 23, 2020 10:23 am
Forum: Personal Investments
Topic: Portfolio Review - Too much cash - ready to rebalance
Replies: 4
Views: 790

Re: Portfolio Review - Too much cash - ready to rebalance

Is your child getting SS survivor benefits? You could use that to fund her 529 college fund. Also you can contribute up to 5 years worth of $15k gifts ($75k) into a 529 plan as long as you don’t give that person any additional monetary gifts during that 5 year period. bill Yes she is receiving a li...
by duffyinvestor
Wed Dec 23, 2020 10:17 am
Forum: Personal Investments
Topic: Portfolio Review - Too much cash - ready to rebalance
Replies: 4
Views: 790

Re: Too much cash analysis - ready to rebalance

This is really a portfolio review, so you might change your thread title to catch more reviewers' eyeballs. Desired Asset allocation: 60% stocks / 40% bonds Desired International allocation: 30% of stocks Portfolio size: 2.3 million, close to evenly split between retirement and taxable Taxable let ...
by duffyinvestor
Tue Dec 22, 2020 6:11 pm
Forum: Personal Investments
Topic: Portfolio Review - Too much cash - ready to rebalance
Replies: 4
Views: 790

Portfolio Review - Too much cash - ready to rebalance

This is my first post like this – thanks in advance to anyone who can offer some wisdom. OK, I’ve been working on simplifying my portfolio, still have a little ways to go. Obviously I need to rebalance. Most of this cash is from a life insurance policy that I just threw into some CDs at the beginnin...
by duffyinvestor
Sun Dec 20, 2020 8:55 pm
Forum: Personal Consumer Issues
Topic: Spouse's Bad Password Habits
Replies: 46
Views: 3636

Re: Spouse's Bad Password Habits

I'd insist on MFA on any financial sites. Most of them have it anyways by default. Please use a pw manager, when my spouse died it saved me countless hours and headaches that he had all that set up for me and I didn't have to make random time consuming phone calls to cancel this and that subscriptio...
by duffyinvestor
Wed Dec 16, 2020 10:49 am
Forum: Personal Consumer Issues
Topic: Standing desk ....
Replies: 34
Views: 2123

Re: Standing desk ....

Got my Vari desk 2 days after I ordered it. Thanks for the advice. I really like it. And I am happy with the cable management tray and the power hub that sits on top. Definitely helps with the cord clutter. And yes, I still exercise!! haha One other random reason I wanted one is because, even though...
by duffyinvestor
Thu Dec 10, 2020 4:10 pm
Forum: Personal Consumer Issues
Topic: Standing desk ....
Replies: 34
Views: 2123

Re: Standing desk ....

Ordered the Vari desk. Got the 60 x 30 which is what my current desk is. Glad I measured!
by duffyinvestor
Thu Dec 10, 2020 2:27 pm
Forum: Personal Consumer Issues
Topic: Standing desk ....
Replies: 34
Views: 2123

Re: Standing desk ....

Thanks. Vari is a bit cheaper for what seems to be virtually the same thing. A table that goes up and down.
by duffyinvestor
Thu Dec 10, 2020 2:13 pm
Forum: Personal Consumer Issues
Topic: Standing desk ....
Replies: 34
Views: 2123

Standing desk ....

So I had a standing desk at my office but, like many of us, am working from home. Would like to purchase one for home use. Looking into the Uplift Desk size 48" x 30" which is the size of my current desk and the price is fine with me. Not extremely budget conscious but don't want to spend ...
by duffyinvestor
Tue Oct 27, 2020 9:25 am
Forum: Personal Consumer Issues
Topic: Best place to sell used truck (1998)
Replies: 31
Views: 1828

Re: Best place to sell used truck (1998)

Thanks for the comments. Obviously there is not a clear cut answer. I don't want to give it away but I also don't need to maximize the dollar for the hassle. I am in the Dallas Texas suburbs so it "should" be pretty easy to sell a truck. I might try on NextDoor then FB Marketplace first. T...
by duffyinvestor
Mon Oct 26, 2020 3:23 pm
Forum: Personal Consumer Issues
Topic: Best place to sell used truck (1998)
Replies: 31
Views: 1828

Re: Best place to sell used truck (1998)

Hmm, actually it's only 92,000 miles. Not diesel but it's a V10 5th wheel. The first RAM forum I went on required 50 posts before posting something for sell (to reduce scammers). My late relative only paid 8k for this truck from a friend (who was related to original owner). Any experience with a loc...
by duffyinvestor
Mon Oct 26, 2020 2:26 pm
Forum: Personal Consumer Issues
Topic: Best place to sell used truck (1998)
Replies: 31
Views: 1828

Best place to sell used truck (1998)

I'm looking to sell a truck that I inherited. What is the easiest/best way? I've never sold private party before but the vehicle is fairly unique so I'm not sure taking it somewhere like Carmax is best. I'm a single female so I don't really want to deal with scammers, etc. or people coming to my hou...
by duffyinvestor
Wed Sep 02, 2020 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Do dual income households need life insurance?
Replies: 40
Views: 3360

Re: Do dual income households need life insurance?

Yes, you man not "need" it but you definitely want to have it. I am in a very similar situation to the previous poster, dual income 6 figure earners, lost my husband to suicide as well with an elementary age kid. Social Security survivor's benefits helps a lot. I am still working but grief...
by duffyinvestor
Tue Jun 02, 2020 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Should I Stick with Term Insurance?
Replies: 29
Views: 1945

Re: Should I Stick with Term Insurance?

I'd keep your current term policies, they were a good decision. Even if you replaced it with another term policy there would be some disadvantages. It would likely cost more and some of the time clauses would be reset. For instance, most policies have a 2 year suicide clause. You don't want to disco...
by duffyinvestor
Tue Jun 02, 2020 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Late husband's life insurance from childhood
Replies: 21
Views: 2715

Late husband's life insurance from childhood

So my husband passed away in February 2020. My late husband's parents had some sort of life insurance policy on him since childhood. He was 44 when he passed away. I think this is just super strange, he never mentioned it. They are not financially astute, house is falling apart, living on social sec...
by duffyinvestor
Wed Apr 29, 2020 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Survivor's Benefits
Replies: 5
Views: 553

Social Security Survivor's Benefits

So I am recently widowed with a young child (I'm 43, the child is 9). My child currently receives Social Security (which I manage of course) and will continue to receive it until she is 18. I am employed (low six figures) so I make way too much qualify to receive the additional benefit for being the...
by duffyinvestor
Mon Apr 13, 2020 9:20 am
Forum: Personal Investments
Topic: 401k Excess Deferral and Taxes
Replies: 5
Views: 268

Re: 401k Excess Deferral and Taxes

The letter I received says the excess deferral will reported to the IRS on 1099-R forms but those won't be issued until January 31, 2021.
by duffyinvestor
Mon Apr 13, 2020 9:18 am
Forum: Personal Investments
Topic: 401k Excess Deferral and Taxes
Replies: 5
Views: 268

401k Excess Deferral and Taxes

So I accidentally over contributed to my 401k in 2019 due to having two jobs and not being careful with my calculations. I have contacted the plan administrator and they returned the excess contribution to me. How do I handle this on my taxes though? I was told I'm not receiving an amended W2 this y...
by duffyinvestor
Fri Mar 13, 2020 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Where to park life insurance funds
Replies: 3
Views: 397

Where to park life insurance funds

I've read these forums for a while but have never been a poster until now. My husband recently passed away and I'll be receiving a fairly decent life insurance payout soon. Where is a safe place to park the money quickly? Due to market and economic volatility I'm concerned with it being FDIC insured...